Aristotle's theory of just exchange (thesis)
In this paper, I provide an explanation of marginal and equilibrium analysis, analytic techniques from modern economics, and then defend an interpretation of the passage as meaning that an exchange is just when the value of the goods, as measured by market price, is equal. I then critique and refine that theory, and discuss the relevance of Aristotle's position to modern discussions of justice. [From the Question section]
Thesis; [FULL-TEXT FREELY AVAILABLE ONLINE]Ian Rutherford Sturdy is a member of the Class of 2012 of Washington and Lee University.